Polkadot parachains sees temporary halt in block production after major network upgrade

Share This Post

Polkadot parachains briefly stopped producing blocks on April 21 after the network’s runtime upgrade went live on its mainnet.

Moonbeam, an Ethereum-compatible smart contract parachain, confirmed the incident, stating that its platform stopped producing blocks for approximately 1 hour. It added:

“Moonbeam resumed block production at approximately 11:36 am UTC. At this time, the network is operating normally. We are waiting on incident details from the Polkadot core dev team and will share more information at a later time.”

Dustin Lee, the co-founder of Polkadot-based marketplace DeStore Network, further explained that the problems arose following the deployment of the runtime 1.2 upgrade.

Interestingly, Bill Laboon, the Director of Education and Governance Initiatives at Web3 Foundation, developers of Polkadot, pointed out that the latest upgrade also impacted some wallets and interfaces. However, he noted that this was only a user interface problem.

He explained:

“You may see some issues with staking UIs (showing nominations and rewards) in various wallets. This is just a UI issue, not a problem with staking itself, and no action is needed from users.”

These issues are arriving less than a week after Polkadot’s founder, Gavin Wood, unveiled the proposal for the JAM upgrade.

The upgrade is designed to replace the Relay Chain with a more modular, minimalistic design while offering a decentralized hybrid system that combines Ethereum’s smart contract features with Polkadot’s architectural framework.

DOT price unchanged

Polkadot’s native DOT token appears unimpacted by the negatives surrounding the recent skirmishes.

CryptoSlate data shows it is one of the best-performing top 20 digital assets in the last 24 hours, rising by approximately 5% during the reporting period to as high as $7.56 as of press time.

Notably, this reflects the recent interest in Polkadot, as CryptoSlate reported that institutional investors were shifting funds away from significant digital assets toward its ecosystem.

The post Polkadot parachains sees temporary halt in block production after major network upgrade appeared first on CryptoSlate.

Read Entire Article
spot_img

Related Posts

Analyst Discusses Bitcoin Price Path To Heighten Fear Factor

MilkyBull, a well-known personality in the world of cryptocurrency analysis, has drawn attention lately for his analysis of Bitcoin’s price trajectory and his prediction of a situation that

Crypto trader loses $70.5 million in address poisoning scam, highest recorded yet

Blockchain security firm Cyvers Alert reported that an unnamed crypto trader lost 1,155 Wrapped Bitcoin (WBTC), equivalent to $705 million worth, to address poisoning The firm said: “Are we

Bitcoin’s Rally to $62,000 Triggers $26.65 Million Short Squeeze in 4 Hours

After reaching a low of $56,500 on April 30, bitcoin climbed to a peak of $62,109 by Friday, May 3, in response to the previous downturn This uptick resulted in the liquidation of $2665 million in

Standard Chartered Bank Analysts Sound Warning Alarm: Bitcoin Price Can Still Drop To $50,000

Leading international cross border bank, Standard Chartered has predicted steep price declines for Bitcoin, foreseeing a pessimistic future outlook for the pioneer cryptocurrency amidst broader

Edward Snowden Delivers ‘Final’ Bitcoin Warning: Here’s Why

Edward Snowden, the well-known whistleblower, reiterated his long standing concerns about Bitcoin’s privacy features, or the lack thereof in a recent post on X Snowden’s latest comments

Hong Kong firm invests $38 million in BlackRock’s IBIT, highlighting appeal of US ETFs

Quick Take Farside data shows that the Bitcoin exchange-traded funds (ETFs) witnessed an outflow of $344 million on May 2 Grayscale’s GBTC was the sole ETF to experience outflows, which is an
- Advertisement -spot_img